British Land to exit mainland Europe amid economic woes

British Land is looking to exit its £255m retail property business in mainland Europe after their assets lost almost a fifth of their value on the back of the economic crisis in Spain and Portugal.
British Land said its mainland European properties, which account for 2.4pc of its £10.5bn portfolio, fell 17pc in value in the year to the end of March, hit by rental concessions and widening yields……………………………………Full Article: Source